Contract Law Quiz

What is the definition of a contract according to the Contracts Act 1950?

• An agreement enforceable by law

• An agreement between two or more parties

• A legally binding agreement

• A foundation of all commercial activities

Which legislation governs contracts in Malaysia?

• Contracts Act 1950

• Consumer Protection Act

• Sale of Goods Act

• Companies Act

What are the forms of a contract?

• In writing, orally, or by conduct

• In writing or orally

• In writing or by conduct

• Orally or by conduct

What are the elements of a contract?

• Offer, acceptance, consideration, intention to create legal relations, certainty, capacity

• Offer, acceptance, consideration, intention to create legal relations, capacity

• Offer, acceptance, consideration, intention to create legal relations, certainty

• Offer, acceptance, consideration, certainty, capacity

What is an offer in a contract?

• An agreement between two or more parties

• A willingness to do or abstain from doing something to obtain the assent of another

• A proposal made by the promisor

• A legally binding agreement

Who is the promisor in an offer?

• The person making the proposal

• The person accepting the offer

• The person rejecting the offer

• The person revoking the offer

In the case of Carlil vs. Carbolic Smoke Ball Co., why was the plaintiff entitled to the money?

• The plaintiff used the product according to the instructions

• The plaintiff became ill after using the product

• The defendants refused to honor their promise

• The plaintiff sued the defendants

What is the difference between an offer and an invitation to treat?

• An offer is made by the promisor, while an invitation to treat is made by the promisee

• An offer is legally binding, while an invitation to treat is not

• An offer can be accepted, while an invitation to treat cannot

• An offer is directed to a specific person, while an invitation to treat is made to the world at large

How can an offer be terminated?

• By acceptance, rejection, or revocation

• By acceptance, rejection, or lapse of reasonable time

• By acceptance, revocation, or death of the offeror

• By rejection, lapse of reasonable time, or death of the offeree

When can a proposal be revoked?

• At any time before the communication of its acceptance is complete

• After the communication of its acceptance is complete

• At any time before or after the communication of its acceptance

• Only after the communication of its acceptance is complete